{"id":562696,"date":"2026-03-25T05:48:09","date_gmt":"2026-03-25T05:48:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/562696\/"},"modified":"2026-03-25T05:48:09","modified_gmt":"2026-03-25T05:48:09","slug":"the-iran-war-is-costing-a-lot-more-than-higher-petrol-prices","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/562696\/","title":{"rendered":"The Iran War is costing a lot more than higher petrol prices"},"content":{"rendered":"<p class=\"wp-block-paragraph\">As the US-Israel war in Iran continues, and with it, the effective closure of the Strait of Hormuz, Australia\u2019s petrol prices have now reached <a href=\"https:\/\/www.smh.com.au\/politics\/federal\/fuel-supply-cliff-to-hit-in-may-as-petrol-prices-in-australia-hit-record-highs-20260324-p5tujs.html\" rel=\"nofollow noopener\" target=\"_blank\">a record high average of $2.38 a litre<\/a>. The report adds that the country\u2019s fuel supplies are \u201cheading for a cliff\u201d at the end of next month, \u201cwhen the Asian refineries that deliver 80% of Australia\u2019s supply exhaust their inventories due to the Iran war oil crisis\u201d.<\/p>\n<p class=\"wp-block-paragraph\">In the latest Paint by Numbers, Crikey looks at the staggering cost of the war being waged against Iran by the US and Israel, in terms of lives, money and opportunities.<\/p>\n","protected":false},"excerpt":{"rendered":"As the US-Israel war in Iran continues, and with it, the effective closure of the Strait of Hormuz,&hellip;\n","protected":false},"author":2,"featured_media":562697,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[13449,64,63,99,2610,75,5465,206980,277334,73678,44,19178,130869,10657,277335],"class_list":["post-562696","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-analysis","tag-au","tag-australia","tag-business","tag-cost-of-living","tag-environment","tag-inflation","tag-iran-war","tag-lng-prices","tag-military-spending","tag-news","tag-oil-price","tag-petrol-prices","tag-us-debt","tag-war-casualties"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/562696","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=562696"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/562696\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/562697"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=562696"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=562696"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=562696"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}